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[Congressional Record Volume 158, Number 113 (Thursday, July 26, 2012)]
[Senate]
[Pages S5625-S5626]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  LIONS CLUBS INTERNATIONAL CENTURY OF SERVICE COMMEMORATIVE COIN ACT

  Mr. SCHUMER. I ask unanimous consent that the Committee on Banking, 
Housing, and Urban Affairs be discharged from further consideration of 
S. 1299 and that the Senate proceed to its immediate consideration.
  The PRESIDING OFFICER. Without objection, it is so ordered. The clerk 
will report the bill by title.
  The bill clerk read as follows:

       A bill (S. 1299) to require the Secretary of the Treasury 
     to mint coins in commemoration of the centennial of the 
     establishment of Lions Clubs International.

  There being no objection, the Senate proceeded to consider the bill.
  Mr. SCHUMER. I ask unanimous consent that the bill be read a third 
time and passed, the motion to reconsider be laid upon the table, and 
that any statements relating to the bill be printed in the Record.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The bill (S. 1299) was ordered to be engrossed for a third reading, 
was read the third time, and passed, as follows:

                                S. 1299

       Be it enacted by the Senate and House of Representatives of 
     the United States of America in Congress assembled,

     SECTION 1. SHORT TITLE.

       This Act may be cited as the ``Lions Clubs International 
     Century of Service Commemorative Coin Act''.

     SEC. 2. FINDINGS.

       The Congress finds as follows:
       (1) Lions Clubs International is the world's largest 
     service club organization founded in 1917 by Chicago business 
     leader Melvin Jones. Lions Clubs International empowers 
     volunteers to serve their communities, meet humanitarian 
     needs, encourage peace and promote international 
     understanding through Lions clubs.
       (2) Today, Lions Clubs International has over 1.35 million 
     members in more than 45,000 clubs globally, extending its 
     mission of service throughout the world every day.
       (3) In 1945, Lions Clubs International became one of the 
     first nongovernmental organizations invited to assist in 
     drafting the United Nations Charter and has enjoyed a special 
     relationship with the United Nations ever since.
       (4) In 1968, Lions Clubs International Foundation was 
     established to assist with global and large-scale local 
     humanitarian projects and has since then awarded more than 
     $700 million to fund five unique areas of service: preserving 
     sight, combating disability, promoting health, serving youth 
     and providing disaster relief.
       (5) In 1990, the Lions Clubs International Foundation 
     launched the SightFirst program to build comprehensive eye 
     care systems to fight the major causes of blindness and care 
     for the blind or visually impaired. Thanks to the generosity 
     of Lions worldwide, over $415 million has been raised, 
     resulting in the prevention of serious vision loss in 30 
     million people and improved eye care for hundreds of millions 
     of people.
       (6) On June 7, 2017, Lions Clubs International will 
     celebrate 100 years of community service to men, women, and 
     children in need throughout the world.

     SEC. 3. COIN SPECIFICATIONS.

       (a) $1 Silver Coins.--The Secretary of the Treasury 
     (hereafter in this Act referred to as the ``Secretary'') 
     shall mint and issue not more than 400,000 $1 coins in 
     commemoration of the centennial of the founding of the Lions 
     Clubs International, each of which shall--
       (1) weigh 26.73 grams;
       (2) have a diameter of 1.500 inches; and
       (3) contain 90 percent silver and 10 percent copper.
       (b) Legal Tender.--The coins minted under this Act shall be 
     legal tender, as provided in section 5103 of title 31, United 
     States Code.
       (c) Numismatic Items.--For purposes of sections 5134 and 
     5136 of title 31, United States Code, all coins minted under 
     this Act shall be considered to be numismatic items.

     SEC. 4. DESIGN OF COINS.

       (a) Design Requirements.--
       (1) In general.--The design of the coins minted under this 
     Act shall be emblematic of the centennial of the Lions Clubs 
     International.
       (2) Designation and inscriptions.--On each coin minted 
     under this Act, there shall be--
       (A) a designation of the value of the coin;
       (B) an inscription of the year ``2017''; and
       (C) inscriptions of the words ``Liberty'', ``In God We 
     Trust'', ``United States of America'', and ``E Pluribus 
     Unum''.
       (b) Selection.--The design for the coins minted under this 
     Act shall be--
       (1) chosen by the Secretary after consultation with Lions 
     Clubs International Special Centennial Planning Committee and 
     the Commission of Fine Arts; and
       (2) reviewed by the Citizens Coinage Advisory Committee.

     SEC. 5. ISSUANCE OF COINS.

       (a) Quality of Coins.--Coins minted under this Act shall be 
     issued in uncirculated and proof qualities.
       (b) Mint Facility.--Only one facility of the United States 
     Mint may be used to

[[Page S5626]]

     strike any particular quality of the coins minted under this 
     Act.
       (c) Period for Issuance.--The Secretary may issue coins 
     under this Act only during the calendar year beginning on 
     January 1, 2017.

     SEC. 6. SALE OF COINS.

       (a) Sale Price.--The coins issued under this Act shall be 
     sold by the Secretary at a price equal to the sum of--
       (1) the face value of the coins;
       (2) the surcharge provided in section 7 with respect to 
     such coins; and
       (3) the cost of designing and issuing the coins (including 
     labor, materials, dies, use of machinery, overhead expenses, 
     marketing, and shipping).
       (b) Bulk Sales.--The Secretary shall make bulk sales of the 
     coins issued under this Act at a reasonable discount.
       (c) Prepaid Orders.--
       (1) In general.--The Secretary shall accept prepaid orders 
     for the coins minted under this Act before the issuance of 
     such coins.
       (2) Discount.--Sale prices with respect to prepaid orders 
     under paragraph (1) shall be at a reasonable discount.

     SEC. 7. SURCHARGES.

       (a) In General.--All sales of coins issued under this Act 
     shall include a surcharge of $10 per coin.
       (b) Distribution.--Subject to section 5134(f) of title 31, 
     United States Code, all surcharges received by the Secretary 
     from the sale of coins issued under this Act shall be 
     promptly paid by the Secretary to the Lions Clubs 
     International Foundation for the purposes of--
       (1) furthering its programs for the blind and visually 
     impaired in the United States and abroad;
       (2) investing in adaptive technologies for the disabled; 
     and
       (3) investing in youth and those affected by a major 
     disaster.
       (c) Audits.--The Comptroller General of the United States 
     shall have the right to examine such books, records, 
     documents, and other data of the Lions Clubs International 
     Foundation as may be related to the expenditures of amounts 
     paid under subsection (b).
       (d) Limitation.--Notwithstanding subsection (a), no 
     surcharge may be included with respect to the issuance under 
     this Act of any coin during a calendar year if, as of the 
     time of such issuance, the issuance of such coin would result 
     in the number of commemorative coin programs issued during 
     such year to exceed the annual 2 commemorative coin program 
     issuance limitation under section 5112(m)(1) of title 31, 
     United States Code. The Secretary may issue guidance to carry 
     out this subsection.

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